Monero Now Available on Circle Invest Crypto App

Circle Invest, the blockchain start-up application, has added Montero to the list of digital assets available on its platform, the firm said in a blog post on Monday.

Montero becomes the second privacy-focused coin it has added in a row. In April Circle Invest introduced ZCash onto its platform saying traders and users were now able to undertake purchases and investments in the coin.

“Last week, we welcomed Zcash to the coin family on Circle Invest. Today, we continue to grow our coin collection by supporting Monero as our new listed crypto asset,” said Mayer.

This effectively means that the Circle Invest platform now supports seven coins and Mayer says this makes it “the only platforms you can invest instantly and seamlessly in the widest breadth of coins by using your bank” account.

The circle becomes the first mainstream or regulated brokerages to add support for Monero which some belief may be associated with dark web activity. Circle Founder and chief executive officer, Jeremy Allaire, is however undeterred and says the company has set its sights on expanding into Asia.

“In Hong Kong, the initial focus is on the institutional market, like the firms in Asia whose business includes investing in crypto assets and virtual currencies,” he was quoted saying.